DOCU Chart
About

DocuSign, Inc. provides electronic signature solution in the United States and internationally. The company offers AI-powered intelligent agreement management (IAM) platform to optimize the agreement management process and provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; Document Generation streamlines the process of generating new, custom agreements; and Gen for Salesforce for automated agreement generation within Salesforce. It also provides Identify, a signer-identification option for checking government-issued IDs; Standards-Based Signatures, which support signatures that involve digital certificates; Monitor that uses advanced analytics; Notary which enables notaries public to conduct remote online notarization transactions; and Web Forms. In addition, the company offers Real Estate for eSignature that provides a way for brokers and agents to manage the entire real estate transaction digitally. eSignature and CLM are FedRAMP, an authorized version of DocuSign eSignature for U.S. federal government agencies; and life sciences modules that support compliance with the electronic signature practices. The company sells its products through direct and partner-assisted sales, and digital self-service purchasing. DocuSign, Inc. was incorporated in 2003 and is headquartered in San Francisco, California.

Fundamentals
Scroll to Statements
Sector Technology Industry Software - Application Market Cap 8.58B
Enterprise Value 7.89B Income 302.27M Sales 3.16B
Book/sh 9.89 Cash/sh 4.19 Dividend Yield —
Payout 0.00% Employees 6838 IPO —
P/E 29.97 Forward P/E 10.41 PEG —
P/S 2.72 P/B 4.33 P/C —
EV/EBITDA 24.79 EV/Sales 2.50 Quick Ratio 0.68
Current Ratio 0.73 Debt/Eq 7.59 LT Debt/Eq —
EPS (ttm) 1.43 EPS next Y 4.12 EPS Growth 33.30%
Revenue Growth 8.40% Earnings 2026-03-17 ROA 4.38%
ROE 15.22% ROIC — Gross Margin 79.50%
Oper. Margin 10.43% Profit Margin 9.57% Shs Outstand 200.27M
Shs Float 198.10M Short Float 5.80% Short Ratio 2.43
Short Interest — 52W High 94.67 52W Low 41.53
Beta 1.01 Avg Volume 3.84M Volume 8.31M
Target Price $78.28 Recom Hold Prev Close $41.75
Price $42.85 Change 2.63%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$78.28
Mean price target
2. Current target
$42.85
Latest analyst target
3. DCF / Fair value
$105.61
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$42.85
Low
$45.00
High
$124.00
Mean
$78.28

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-23 down Jefferies Buy → Hold $45
2026-02-18 main BTIG Buy → Buy $70
2026-01-05 main RBC Capital Sector Perform → Sector Perform $70
2025-12-17 init BTIG — → Buy $88
2025-12-05 main Piper Sandler Neutral → Neutral $75
2025-12-05 main UBS Neutral → Neutral $75
2025-12-05 main Evercore ISI Group In-Line → In-Line $80
2025-12-05 main Wells Fargo Equal-Weight → Equal-Weight $75
2025-12-05 main JP Morgan Neutral → Neutral $78
2025-12-05 reit RBC Capital Sector Perform → Sector Perform $95
2025-12-05 main Wedbush Neutral → Neutral $75
2025-12-05 main B of A Securities Neutral → Neutral $82
2025-12-05 main Baird Neutral → Neutral $75
2025-12-05 reit Needham Hold → Hold —
2025-10-03 reit JMP Securities Market Outperform → Market Outperform $124
2025-09-08 reit Argus Research Hold → Hold —
2025-09-08 main Morgan Stanley Equal-Weight → Equal-Weight $90
2025-09-05 main Citigroup Buy → Buy $120
2025-09-05 main UBS Neutral → Neutral $85
2025-09-05 main Wells Fargo Equal-Weight → Equal-Weight $85
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 26250 1827055.0 — Sale at price 69.35 - 70.83 per share. THYGESEN ALLAN C Chief Executive Officer — 2026-01-09 00:00:00 D
1 6500 455000.0 — Sale at price 70.00 per share. GRAYSON BLAKE JEFFREY Chief Financial Officer — 2026-01-09 00:00:00 D
2 6000 402291.0 — Sale at price 65.43 - 68.62 per share. HANSEN PAULA Officer — 2026-01-02 00:00:00 D
3 12000 804392.0 — Sale at price 65.39 - 68.45 per share. SHAUGHNESSY JAMES P Officer — 2026-01-02 00:00:00 D
4 9515 650180.0 — Sale at price 67.86 - 68.61 per share. GRAYSON BLAKE JEFFREY Chief Financial Officer — 2025-12-17 00:00:00 D
5 15501 1063492.0 — Sale at price 67.88 - 70.87 per share. CHATWANI ROBERT Officer — 2025-12-17 00:00:00 D
6 65561 nan — — THYGESEN ALLAN C Chief Executive Officer — 2025-12-15 00:00:00 D
7 37453 nan — — GRAYSON BLAKE JEFFREY Chief Financial Officer — 2025-12-15 00:00:00 D
8 32515 nan — — HANSEN PAULA Officer — 2025-12-15 00:00:00 D
9 31538 nan — — CHATWANI ROBERT Officer — 2025-12-15 00:00:00 D
Financials
Line Item2025-01-312024-01-312023-01-312022-01-31
TaxEffectOfUnusualItems-6.24M-6.38M-5.95M0.00
TaxRateForCalcs0.210.210.210.21
NormalizedEBITDA387.02M225.97M31.10M21.44M
TotalUnusualItems-29.72M-30.38M-28.34M0.00
TotalUnusualItemsExcludingGoodwill-29.72M-30.38M-28.34M0.00
NetIncomeFromContinuingOperationNetMinorityInterest1.07B73.98M-97.45M-69.98M
ReconciledDepreciation107.80M95.06M86.25M81.91M
ReconciledCostOfRevenue621.66M572.62M536.09M466.45M
EBITDA357.30M195.59M2.76M21.44M
EBIT249.49M100.52M-83.49M-60.47M
NetInterestIncome48.01M62.05M-1.85M-5.03M
InterestExpense1.55M6.84M6.39M6.44M
InterestIncome49.56M68.89M4.54M1.41M
NormalizedIncome1.09B97.98M-75.07M-69.98M
NetIncomeFromContinuingAndDiscontinuedOperation1.07B73.98M-97.45M-69.98M
TotalExpenses2.75B2.70B2.58B2.17B
TotalOperatingIncomeAsReported199.93M31.63M-88.03M-61.88M
DilutedAverageShares210.34M208.95M200.90M196.68M
BasicAverageShares204.33M204.07M200.90M196.68M
DilutedEPS5.080.36-0.49-0.36
BasicEPS5.230.36-0.49-0.36
DilutedNIAvailtoComStockholders1.07B74.41M-97.45M-69.98M
AverageDilutionEarnings0.00425.00K0.000.00
NetIncomeCommonStockholders1.07B73.98M-97.45M-69.98M
NetIncome1.07B73.98M-97.45M-69.98M
NetIncomeIncludingNoncontrollingInterests1.07B73.98M-97.45M-69.98M
NetIncomeContinuousOperations1.07B73.98M-97.45M-69.98M
TaxProvision-819.94M19.70M7.57M3.06M
PretaxIncome247.94M93.68M-89.88M-66.91M
OtherIncomeExpense-29.72M-30.38M-28.34M
SpecialIncomeCharges-29.72M-30.38M-28.34M0.00
RestructuringAndMergernAcquisition29.72M30.38M28.34M0.00
NetNonOperatingInterestIncomeExpense48.01M62.05M-1.85M-5.03M
InterestExpenseNonOperating1.55M6.84M6.39M6.44M
InterestIncomeNonOperating49.56M68.89M4.54M1.41M
OperatingIncome229.65M62.02M-59.70M-61.88M
OperatingExpense2.13B2.13B2.04B1.70B
ResearchAndDevelopment588.46M539.49M480.58M393.36M
SellingGeneralAndAdministration1.54B1.59B1.56B1.31B
SellingAndMarketingExpense1.16B1.17B1.24B1.08B
GeneralAndAdministrativeExpense375.98M419.62M316.23M232.76M
OtherGandA375.98M419.62M316.23M232.76M
GrossProfit2.36B2.19B1.98B1.64B
CostOfRevenue621.66M572.62M536.09M466.45M
TotalRevenue2.98B2.76B2.52B2.11B
OperatingRevenue2.98B2.76B2.52B2.11B
Line Item2025-01-312024-01-312023-01-312022-01-31
TreasurySharesNumber30.00K18.00K10.00K7.00K
OrdinarySharesNumber202.48M205.33M201.90M198.83M
ShareIssued202.51M205.34M201.91M198.84M
NetDebt992.00K209.43M
TotalDebt124.43M143.05M888.29M882.23M
TangibleBookValue1.47B725.70M193.39M-178.37M
InvestedCapital2.00B1.13B1.34B993.99M
WorkingCapital-342.65M-92.95M-577.32M-52.04M
NetTangibleAssets1.47B725.70M193.39M-178.37M
CapitalLeaseObligations124.43M143.05M165.40M163.74M
CommonStockEquity2.00B1.13B617.29M275.50M
TotalCapitalization2.00B1.13B617.29M993.99M
TotalEquityGrossMinorityInterest2.00B1.13B617.29M275.50M
StockholdersEquity2.00B1.13B617.29M275.50M
GainsLossesNotAffectingRetainedEarnings-28.38M-19.36M-23.00M-4.81M
OtherEquityAdjustments-28.38M-19.36M-23.00M-4.81M
TreasuryStock2.87M2.16M1.78M1.53M
RetainedEarnings-1.29B-1.67B-1.60B-1.44B
AdditionalPaidInCapital3.32B2.82B2.24B1.72B
CapitalStock20.00K21.00K20.00K20.00K
CommonStock20.00K21.00K20.00K20.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest2.01B1.84B2.40B2.27B
TotalNonCurrentLiabilitiesNetMinorityInterest178.10M180.93M187.11M894.12M
OtherNonCurrentLiabilities30.63M21.33M18.11M23.25M
NonCurrentDeferredLiabilities42.12M38.77M27.65M26.04M
NonCurrentDeferredRevenue21.52M21.98M16.93M16.73M
NonCurrentDeferredTaxesLiabilities20.60M16.80M10.72M9.32M
LongTermDebtAndCapitalLeaseObligation105.35M120.82M141.35M844.83M
LongTermCapitalLeaseObligation105.35M120.82M141.35M126.34M
LongTermDebt718.49M
CurrentLiabilities1.83B1.66B2.21B1.37B
CurrentDeferredLiabilities1.46B1.32B1.17B1.03B
CurrentDeferredRevenue1.46B1.32B1.17B1.03B
CurrentDebtAndCapitalLeaseObligation19.08M22.23M746.94M37.40M
CurrentCapitalLeaseObligation19.08M22.23M24.05M37.40M
CurrentDebt722.89M
OtherCurrentBorrowings722.89M
PensionandOtherPostRetirementBenefitPlansCurrent227.12M195.27M163.13M160.16M
PayablesAndAccruedExpenses130.28M123.07M125.38M144.18M
CurrentAccruedExpenses99.58M104.04M100.99M91.38M
Payables30.70M19.03M24.39M52.80M
AccountsPayable30.70M19.03M24.39M52.80M
TotalAssets4.01B2.97B3.01B2.54B
TotalNonCurrentAssets2.52B1.40B1.38B1.22B
OtherNonCurrentAssets141.80M97.58M79.48M50.34M
NonCurrentDeferredAssets1.31B411.66M350.90M311.83M
NonCurrentDeferredTaxesAssets840.47M2.03M
InvestmentsAndAdvances134.10M121.98M186.05M94.94M
GoodwillAndOtherIntangibleAssets530.87M404.04M423.90M453.87M
OtherIntangibleAssets76.39M50.91M70.28M98.82M
Goodwill454.48M353.14M353.62M355.06M
NetPPE409.00M368.36M341.38M310.69M
AccumulatedDepreciation-303.68M-244.27M-210.78M-170.26M
GrossPPE712.68M612.63M552.17M480.95M
Leases64.01M58.23M73.42M79.81M
ConstructionInProgress106.27M102.19M62.97M43.84M
OtherProperties109.63M123.19M141.49M126.02M
MachineryFurnitureEquipment432.76M329.02M274.29M231.28M
Properties0.000.000.000.00
CurrentAssets1.49B1.57B1.63B1.32B
OtherCurrentAssets82.37M66.98M69.99M63.24M
PrepaidAssets63.24M
Receivables443.35M455.22M529.35M453.54M
OtherReceivables13.76M15.92M12.44M12.59M
AccountsReceivable429.58M439.30M516.91M440.95M
AllowanceForDoubtfulAccountsReceivable-8.83M-5.50M-6.01M-5.81M
GrossAccountsReceivable438.41M444.80M522.92M446.76M
CashCashEquivalentsAndShortTermInvestments963.55M1.05B1.03B802.82M
OtherShortTermInvestments314.92M248.40M309.77M293.76M
CashAndCashEquivalents648.62M797.06M721.89M509.06M
Line Item2025-01-312024-01-312023-01-312022-01-31
FreeCashFlow920.28M887.13M429.11M445.07M
RepurchaseOfCapitalStock-683.53M-145.51M-63.04M0.00
RepaymentOfDebt0.00-726.98M-16.00K-77.91M
IssuanceOfDebt0.000.00
CapitalExpenditure-96.99M-92.39M-77.65M-61.40M
InterestPaidSupplementalData0.00185.00K185.00K349.00K
IncomeTaxPaidSupplementalData24.32M10.46M10.42M6.94M
EndCashPosition659.55M801.50M723.20M509.68M
BeginningCashPosition801.50M723.20M509.68M566.34M
EffectOfExchangeRateChanges-7.55M199.00K-3.78M-5.59M
ChangesInCash-134.40M78.10M217.31M-51.06M
FinancingCashFlow-838.79M-946.04M-98.26M-394.62M
CashFlowFromContinuingFinancingActivities-838.79M-946.04M-98.26M-394.62M
NetOtherFinancingCharges-213.28M-120.53M-84.40M-386.52M
ProceedsFromStockOptionExercised58.02M46.98M49.20M69.81M
NetCommonStockIssuance-683.53M-145.51M-63.04M0.00
CommonStockPayments-683.53M-145.51M-63.04M0.00
NetIssuancePaymentsOfDebt0.00-726.98M-16.00K-77.91M
NetLongTermDebtIssuance0.00-726.98M-16.00K-77.91M
LongTermDebtPayments0.00-726.98M-16.00K-77.91M
LongTermDebtIssuance0.000.00
InvestingCashFlow-312.88M44.61M-191.20M-162.91M
CashFlowFromContinuingInvestingActivities-312.88M44.61M-191.20M-162.91M
NetInvestmentPurchaseAndSale-72.28M137.00M-113.54M-95.12M
SaleOfInvestment340.33M473.87M423.92M290.75M
PurchaseOfInvestment-412.61M-336.87M-537.46M-385.88M
NetBusinessPurchaseAndSale-143.61M0.000.00-6.39M
PurchaseOfBusiness-143.61M0.000.00-6.39M
NetPPEPurchaseAndSale-96.99M-92.39M-77.65M-61.40M
PurchaseOfPPE-96.99M-92.39M-77.65M-61.40M
OperatingCashFlow1.02B979.53M506.76M506.47M
CashFlowFromContinuingOperatingActivities1.02B979.53M506.76M506.47M
ChangeInWorkingCapital-191.71M-36.97M-255.70M-101.61M
ChangeInOtherWorkingCapital-172.31M-102.91M-89.14M43.09M
ChangeInOtherCurrentLiabilities-21.65M-25.28M-42.36M-32.85M
ChangeInOtherCurrentAssets-22.00M-15.43M-22.32M-11.50M
ChangeInPayablesAndAccruedExpense39.81M35.63M-20.88M24.10M
ChangeInAccruedExpense32.17M40.45M5.56M11.96M
ChangeInPayable7.64M-4.83M-26.44M12.15M
ChangeInAccountPayable7.64M-4.83M-26.44M12.15M
ChangeInPrepaidAssets-17.63M-657.00K-5.04M-7.07M
ChangeInReceivables2.08M71.68M-75.96M-117.38M
ChangesInAccountReceivables2.08M71.68M-75.96M-117.38M
OtherNonCashItems262.95M224.32M233.24M186.23M
StockBasedCompensation610.34M616.85M538.73M408.54M
DeferredTax-839.99M6.29M1.70M1.37M
DeferredIncomeTax-839.99M6.29M1.70M1.37M
DepreciationAmortizationDepletion107.80M95.06M86.25M81.91M
DepreciationAndAmortization107.80M95.06M86.25M81.91M
NetIncomeFromContinuingOperations1.07B73.98M-97.45M-69.98M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for DOCU
Date User Asset Broker Type Position Size Entry Price Patterns